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Pennyprof

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Pennyprof

Re: Monksdream post# 1318

Thursday, 01/09/2020 6:28:13 PM

Thursday, January 09, 2020 6:28:13 PM

Post# of 9614
Guess I'm not one of "those folks" because it is a relative strength indicator(aka RSI)......

It is valuable in comparision to charts if you don't need it being perfectly reset, what ever that means...

It's more like a gauge on a car that would show the horsepower(they don't exsist, you have to put them on a dynometer), it(RSI) shows the power of the buying and selling adjusted to see on a 2D chart on a computer screen.

Maybe someone smart can invent something better in the future....

Ideas are not set in stone. When exposed to thoughtful people, they morph and adapt into their most potent form.

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